266 karma · joined November 5, 2014
this is like gospel.
there is also rolling reserves to help prevent the processor from holding the bag for bad merchants.
but yes, these are risky markets to play in and a few people have been left burned... but those that figured out correctly, are rolling in cash... epoch and ccbill are good examples.
also, visa reg's change by region, are you in multiple regions and following the rules of each? or are you operating entirely under the US region and forcing all of your clients to do so as well?
i reserve the right to change my mind and move my business at any time, i think everyone should, sad so many don't.
next time i use stripe and have issues i will certainly send in the data to mlm@. i reckon if i have time to bitch about it, i have time to help you solve it. transaction security is important, sounds like that team has fun work/problems to solve.
command history is also easy to alter if you know what you are doing.
though i do agree, some of these small savings may or may not make sense depending on what you want to do in the future.
all assets can later be sold to another LLC or Corp as the need arises, but doing all these steps in advance can just cause undue headache and complexities.
also, california is about the least small business friendly state in the union. and AFAIK, having a delaware corp doesnt save you all that much in taxes anyways. so glad i no longer have to deal with that state.
complex corp setups also confuse some investors, certainly if you are raising capital from those not savvy in the plethora of ways corps are setup to circumvent taxation and game the domicile game. they basically think you are a scammer(been there)
just 0.02
a nice apartment close to work in greater seattle area is 2.4 - 4k a month for a two bedroom.
buying will cost you $5k+ unless you are putting a big chunk down, and that just seems to keep going up without missing a beat.
i would say its not possible to take a 50% cut and come here, unless you want to spend a lot of time commuting or hearing lots of sirens at night.
so i would say they two are in fact very similar. classroom mixed with real world use of that knowledge is better then just sitting in class the entire time with no chance to get real world usage, help and walk-throughs, until after the fact. in which case apprenticeship might be better then a degree.
the equipment is not expensive enough to prevent most apprentices in US/EU/CA to just go out on their own after a while. where as in lower income countries the apprentice is easier to keep for a much longer timeline.